Securities Registration Statement (simplified Form) (s-3/a)
July 20 2018 - 5:18PM
Edgar (US Regulatory)
Registration No. 333-226175
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 1
TO
FORM S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
MUSTANG BIO,
INC.
(Exact Name of Registrant as Specified in
Its Charter)
Delaware
(State or Other Jurisdiction of
Incorporation or Organization)
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2834
(Primary Standard Industrial
Classification Code Number)
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47-3828760
(I.R.S. Employer
Identification Number)
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2 Gansevoort Street, 9
th
Floor
New York, New York 10014
(781) 652-4500
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(Address, Including Zip Code, and Telephone Number, Including Area Code, of Registrant’s Principal Executive Offices)
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Manuel Litchman, M.D.
President & CEO
2 Gansevoort Street, 9
th
Floor
New York, New York 10014
(781) 652-4500
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(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent For Service)
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Copies to:
Mark McElreath
Alston & Bird LLP
90 Park Avenue
New York, NY 10016
(212) 210-9400
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Approximate date of
commencement of proposed sale to the public:
As soon as practicable after the effective date of this Registration Statement.
If
the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please
check the following box.
¨
If
any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under
the Securities Act of 1933, check the following box.
x
If
this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the
following box and list the Securities Act registration statement number of the earlier effective registration statement for the
same offering.
¨
If
this form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list
the Securities Act registration statement number of the earlier effective registration statement for the same offering.
¨
If
this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become
effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box.
¨
If
this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register
additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following
box.
¨
Indicate by check mark
whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company,
or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” “smaller
reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
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¨
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Accelerated filer
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¨
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Non-accelerated filer
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x
(Do not check if a smaller reporting company)
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Smaller reporting company
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¨
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Emerging growth company
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x
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If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act.
¨
CALCULATION OF REGISTRATION FEE
Title Of Each Class
Of Securities
To Be Registered(1)
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Proposed
Maximum
Aggregate Offering
Price(2)
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Amount
Of
Registration Fee(3)
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Common Stock, par value $0.0001 per share(4)
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-
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-
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Preferred Stock, par value $0.0001 per share(4)
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-
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-
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Warrants
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-
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-
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Debt Securities
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-
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-
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Units(5)
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-
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-
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Total
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$
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75,000,000
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$
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9,337.50
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(6)
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(1)
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An indeterminate aggregate
initial offering price or number of the securities of each identified class is being registered as may from time to time be offered
at indeterminate prices, along with an indeterminate number of securities that may be issued upon exercise, settlement, exchange
or conversion of securities offered hereunder. Separate consideration may or may not be received for securities that are issuable
upon exercise, settlement, conversion or exchange of other securities or that are issued in units with other securities registered
hereunder.
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(2)
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Certain information as to
each class of securities to be registered is not specified, in accordance with General Instruction II.D of Form S-3
under the Securities Act.
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(3)
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The registration fee has
been calculated in accordance with Rule 457(o) under the Securities Act of 1933, as amended.
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(4)
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Includes an indeterminate number of shares of common stock or
preferred stock as may be issued by the registrant upon exercise, conversion or exchange of any securities that provide for
such
issuance, or
that may from time to time become issuable by reason of any stock split, stock dividend or similar transaction, for which no
separate consideration will be received by registrant.
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(5)
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Each unit will be issued
under a unit agreement and will represent an interest in two or more other securities, which may or may not be separable from
one another.
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(6)
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The
registration fee has been previously paid.
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The Registrant hereby
amends this registration statement on such date or dates as may be necessary to delay its effective date until the Registrant shall
file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance
with Section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the
Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.
EXPLANATORY NOTE
Mustang Bio, Inc.
(the “Company”) is filing this Amendment No. 1 to the Registration Statement on Form S-3 (Registration No. 333-226175),
originally filed on July 13, 2018, solely to add signatures to the signature page of the Form S-3.
Part
II
Information
Not Required In Prospectus
Item 14. Other Expenses of Issuance and Distribution
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Amount to Be
Paid
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U.S. Securities and Exchange Commission registration fee
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$
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9,337.50
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FINRA filing fees
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$
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*
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Legal fees and expenses
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*
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Accounting fees and expenses
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*
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Miscellaneous
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*
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Total
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*
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* To be filed by amendment, Form 8-K or Rule 424 filing.
Item 15. Indemnification of Directors and Officers
Under the General Corporation
Law of the State of Delaware (“DGCL”), a corporation may include provisions in its certificate of incorporation that
will relieve its directors of monetary liability for breaches of their fiduciary duty to the corporation, except under certain
circumstances, including a breach of the director’s duty of loyalty, acts or omissions of the director not in good faith
or which involve intentional misconduct or a knowing violation of law, the approval of an improper payment of a dividend or an
improper purchase by the corporation of stock or any transaction from which the director derived an improper personal benefit.
The Company’s Amended and Restated Certificate of Incorporation eliminates the personal liability of directors to the Company
or its stockholders for monetary damages for breach of fiduciary duty as a director with certain limited exceptions set forth in
the DGCL.
Section 145 of the DGCL
grants to corporations the power to indemnify each officer and director against liabilities and expenses incurred by reason of
the fact that he or she is or was an officer or director of the corporation if he or she acted in good faith and in a manner he
or she reasonably believed to be in or not opposed to the best interests of the corporation and, with respect to any criminal action
or proceeding, had no reasonable cause to believe his or her conduct was unlawful. The Company’s Amended and Restated Certificate
of Incorporation and Bylaws provide for indemnification of each officer and director of the Company to the fullest extent permitted
by the DGCL. Section 145 of the DGCL also empowers corporations to purchase and maintain insurance on behalf of any person who
is or was an officer or director of the corporation against liability asserted against or incurred by him in any such capacity,
whether or not the corporation would have the power to indemnify such officer or director against such liability under the provisions
of Section 145 of the DGCL.
Item 16. Exhibits and Financial Statement
Schedules
The exhibits to the Registration
Statement are listed in the Exhibit Index attached hereto and incorporated by reference herein.
Item 17. Undertakings
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(a)
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The undersigned registrant hereby undertakes:
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1.
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To file, during any period in which offers or sales are being made, a post-effective amendment
to this registration statement:
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(i)
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To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
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(ii)
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To reflect in the prospectus any facts or events arising after the effective date of the registration
statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental
change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume
of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation
from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission
pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum
aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement;
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(iii)
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To include any material information with respect to the plan
of distribution not previously disclosed in the registration statement or any material change to such information in the registration
statement;
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2.
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That, for the purpose of determining
any liability under the Securities Act of 1933, each such post-effective amendment shall
be deemed to be a new registration statement relating to the securities offered therein,
and the offering of such securities at that time shall be deemed to be the initial
bona
fide
offering thereof.
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3.
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To remove from registration by means of a post-effective amendment any of the securities being
registered which remain unsold at the termination of the offering.
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5.
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That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser:
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(a)
Each
prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the
date the filed prospectus was deemed part of and included in the registration statement; and
(b)
Each
prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on
Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information
required by Section 10(a) of the Securities Act of 1933 shall be deemed to be part of and included in the registration statement
as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale
of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any
person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement
relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities
at that time shall be deemed to be the initial
bona fide
offering thereof.
Provided, however,
that no statement made
in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed
incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to
a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the
registration statement or prospectus that was part of the registration statement or made in any such document immediately prior
to such effective date.
6. That, for the purpose of determining
liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities, the
undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration
statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or
sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser
and will be considered to offer or sell such securities to such purchaser:
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(i)
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Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering
required to be filed pursuant to Rule 424;
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(ii)
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Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned
registrant or used or referred to by the undersigned registrant;
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(iii)
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The portion of any other free writing prospectus relating to the offering containing material information
about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and
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(iv)
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Any other communication that is an offer in the offering made by the undersigned registrant to
the purchaser.
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(b) The undersigned registrant
hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant’s
annual report pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of
an employee benefits plan’s annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated
by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
(c) The undersigned registrant
hereby undertakes to supplement the prospectus, after the expiration of the subscription period, to set forth the results of the
subscription offer, the transactions by the underwriters during the subscription period, the amount of unsubscribed securities
to be purchased by the underwriters, and the terms of any subsequent reoffering thereof. If any public offering by the underwriters
is to be made on terms differing from those set forth on the cover page of the prospectus, a post-effective amendment will be filed
to set forth the terms of such offering.
(e) The undersigned registrant
hereby undertakes (1) to use its best efforts to distribute prior to the opening of bids, to prospective bidders, underwriters,
and dealers, a reasonable number of copies of a prospectus which at that time meets the requirements of section 10(a) of the Act,
and relating to the securities offered at competitive bidding, as contained in the registration statement, together with any supplements
thereto, and (2) to file an amendment to the registration statement reflecting the results of bidding, the terms of the reoffering
and related matters to the extent required by the applicable form, not later than the first use, authorized by the issuer after
the opening of bids, of a prospectus relating to the securities offered at competitive bidding, unless no further public offering
of such securities by the issuer and no reoffering of such securities by the purchasers is proposed to be made.
(h) Insofar as indemnification
for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the
registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities
and Exchange Commission such indemnification is against public policy as expressed in the Securities Act of 1933, as amended, and
is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by
the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense
of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities
being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as expressed
in the Securities Act of 1933, as amended, and will be governed by the final adjudication of such issue.
(h) The undersigned registrant
hereby undertakes that:
(1) For purposes of determining
any liability under the Securities Act of 1933, the information omitted from the form of prospectus filed as part of this registration
statement in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant pursuant to Rule
424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this registration statement
as of the time it was declared effective.
(2) For the purpose of determining
any liability under the Securities Act of 1933, each post-effective amendment that contains a form of prospectus shall be deemed
to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial
bona fide
offering thereof.
Signatures
Pursuant to the requirements
of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned,
thereunto duly authorized.
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Mustang Bio, Inc.
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July 13, 2018
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By:
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/s/ Manuel Litchman
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Manuel Litchman, M.D.
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Chief Executive Officer and President
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(Principal Executive Officer)
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Power Of Attorney
KNOW ALL MEN BY THESE PRESENTS,
that each person whose signature appears below constitutes and appoints Manuel Lichtman, his true and lawful attorney-in-fact and
agent, with full power of substitution and resubstitution, for him and his name, place and stead, in any and all capacities, to
sign any or all amendments (including pre-effective and post-effective amendments) to this registration statement, and to file
the same, with all exhibits thereto and other documents in connection therewith, including any Registration Statement filed pursuant
to Rule 462(b) under the Securities Act of 1933, with the SEC, granting unto said attorney-in-fact and agent, full power and authority
to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents
and purposes as he might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent or any
of his substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements
of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities
indicated as of July 13, 2018.
Signature
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Title
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Date
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/s/ Manuel Litchman, M.D.
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July 13, 2018
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Manuel Litchman, M.D.
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Chief Executive Officer and President
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(Principal Executive Officer)
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/s/ Brian Achenbach
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July 13, 2018
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Brian Achenbach
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Vice President of Finance & Corporate Controller
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(Principal Financial Officer)
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/s/ Michael S. Weiss
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July 13, 2018
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Michael S. Weiss
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Executive Chairman of the Board
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/s/ Lindsay A. Rosenwald, M.D.
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July 13, 2018
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Lindsay A. Rosenwald, M.D.
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Director
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/s/ Neil Herskowitz
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July 13, 2018
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Neil Herskowitz
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Director
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/s/ Adam J. Chill
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July 13, 2018
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Adam J. Chill
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Director
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/s/ Michael J. Zelefsky, M.D.
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July 13, 2018
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Michael J. Zelefsky, M.D.
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Director
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Exhibit Index
Exhibit
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No.
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Description
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1.1
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Underwriting Agreement. ♦
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3.1
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Amended and Restated Certificate of Incorporation of Mustang Bio, Inc. (formerly Mustang Therapeutics, Inc.), filed as Exhibit 3.1 to Form 10-12G filed on July 28, 2016 (File No. 000-55668) and incorporated herein by reference.
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3.2
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Bylaws of Mustang Bio, Inc., filed as Exhibit 3.2 to Form 10-12G filed on July 28, 2016 (File No. 000-55668) and incorporated herein by reference.
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4.1
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Specimen certificate evidencing shares of common stock, filed as Exhibit 4.1 to Form 10-12G filed on July 28, 2016 (File No. 000-55668) and incorporated herein by reference.
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4.2
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Form of Preferred Stock Designation. ♦
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4.3
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Form of Warrant Agreement. ♦
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4.4
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Form of Common Stock Warrant Agreement and Warrant Certificate. ♦
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4.5
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Form
of Indenture.†
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4.6
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Form of Note. ♦
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4.7
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Form of Unit Agreement. ♦
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5.1
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Opinion
of Alston & Bird LLP.†
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12.1
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Ratio
of Earnings/Deficiency to Fixed Charges.†
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23.1
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Consent
of BDO USA, LLP, Independent Registered Accounting Firm.†
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23.2
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Consent
of Mayer Hoffman McCann P.C., Independent Registered Public Accounting Firm.†
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23.3
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Consent
of Alston & Bird LLP (to be included in Exhibit 5.1).†
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24.1
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Power of Attorney (included on signature page).
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25.1
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Statement of Eligibility of Trustee Under Debt Indenture.*
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* To be filed, if necessary separately
pursuant to Section 305(b)(2) of the Trust Indenture Act of 1939.
♦ To be filed by amendment
or as an exhibit to a document to be incorporated by reference herein in connection with an offering of our securities to the extent
applicable.
† Previously filed.
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